The Learning Experience

  • $2.5M
51779 Van Dyke Avenue, Shelby Charter Township, MI 48316, USA

The Learning Experience

51779 Van Dyke Avenue, Shelby Charter Township, MI 48316, USA
  • $2.5M

Sub listings

Title Property Type Price Beds Baths Property Size Availability Date
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Description

Marketing Description
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, The Learning Experience investment property located in Shelby Township, MI (Detroit MSA). The tenant, Shelby Childcare LLC, recently signed a brand new 15-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for an out of state investor. The lease is franchisee guaranteed and personally guaranteed by the owner of the operating entity.
The Learning Experience is located within a commercial community center along Van Dyke Avenue, a major retail and commuter thoroughfare traveling through Shelby Township averaging 20,300 vehicles passing by daily. The center benefits from its own signalized, hard corner intersection at its entrance, allowing for easy and convenient access. The Learning Experience benefits from its monument sign, providing excellent visibility along Van Dyke Ave. The site is also within close proximity to 23 Mile Road (23,700 VPD) and Van Dyke Freeway / State Highway 53 (64,700 VPD). The asset is positioned within a dense, in-fill trade area supported by nearly 71,000 households within a 5-mile radius, providing a direct residential consumer base from which to draw with only 1 other nationally-branded childcare facility within 5 miles. Nearby national/credit tenants include a 24-hour Walmart Supercenter, Planet Fitness, Big Lots, Rite-Aid, and more, increasing consumer draw to the trade area and promoting crossover store exposure. The 5-mile trade area is home to a dense population of more than 183,000 residents and nearly 66,000 employees with an affluent average household income of $103,000.

Investment Highlights
Brand New 15-Year Lease | Options To Extend | Scheduled Rental Increases
NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
Strong Demographics In 5-mile Trade Area | Six-Figure Incomes
Signalized, Hard Corner Intersection Entrance | Excellent Visibility & Easy Access | Major Thoroughfares
Dense, Infill Trade Area | Direct Residential Consumer Base | Limited Competition | Nearby National/Credit Tenants
The Learning Experience History
Facts & Stats
Growth & Numbers
Experienced Management Team

Broker of Record
Frank Rogers
License: 6502417063

Details

Updated on April 12, 2020 at 6:38 pm
  • Property ID: 30866
  • Price: $2.5M
  • Property Size: 11160 sqft
  • Year Built: 2006
  • Property Type: Retail
  • Property Status: For Sale
  • Lot Size (acres): 1.51
  • Tenancy: Single
  • Cap Rate: 7.84%
  • Net Operating Income: 196,000

Additional details

  • Lease Type: NNN
  • Tenant Credit: Franchisee
  • Zoning: C-2: Linear Retail Business
  • Parking (spaces): 74
  • APN: 23-07-16-426-009
  • Ownership: Fee Simple (Land & Building)
  • Address 51779 Van Dyke Avenue, Shelby Charter Township, MI 48316, USA
  • City Shelby Charter Township
  • State/county Michigan
  • Zip/Postal Code 48316
  • Country United States

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Contact Information

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Britt Raymond
  • Britt Raymond
  • (929) 229-2614

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Britt Raymond
  • Britt Raymond